00742nam a2200109Ia 4500080001800000100002600018245012100044260003100165300001000196520040600206583002000612  a11.01.02 t315  aTer-Minassian, Teresa  aMacroeconomic challenges of fiscal decentralization in Latin America in the aftermath of the global financial crisis  bUN ECLACaSantiagoCLc2011  a43 p.  aDiscusses how fiscal decentralisation is affecting macro-economic management in the main Latin American countries; and which reforms in the existing inter-governmental fiscal systems of those countries could help strengthen their fiscal sustainability, minimise the risk of pro-cyclicality at all levels of government and create "fiscal space" for active counter cyclical responses to economic shocks.  c7/3/12kEVELYND